Emini Trading Update – Tuesday 3 Dec 2013 (14:57)
Finally some respectable volume and range – after 2 weeks of very little. Hopefully this will last a couple of weeks before everyone’s focus turns to Xmas.
Small range, light volume days are the most dangerous. Best to stay away. Now all we need is a crystal ball to tell us what kind of day to expect tomorrow.
On the higher timeframes (40,500 and 13,500 tick charts) we’ve broken below cyclical Support. So we’ve still got to see Exhaustion selling volume before we’re all done on the downside.
Good luck with your Emini trading.